Boeing issues layoff notices to hundreds of SPEEA Members amid broader workforce reductions [Yahoo! Finance]
Boeing Company (The) (BA)
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Source: Yahoo! Finance
Engineering Employees in Aerospace (SPEEA) this week as part of a broader effort to reduce its global workforce by 10%, according to KIRO Newsradio. The layoffs, which affect 218 members of the professional unit and 220 members of the technical workers unit, are part of a company-wide reduction that will see approximately 17,000 jobs cut across Boeing's commercial, defense and global services divisions. The job cuts were first announced in October, with Boeing beginning to notify affected employees on Wednesday. Those who received layoff notices this week will remain on the payroll through mid-January. Eligible employees will receive career transition services and subsidized health care benefits for up to three months. Additionally, severance pay will be provided, typically amounting to one week of pay for every year of service, according to Reuters More Boeing News Furloughed employees to get paychecks back The layoffs come as Boeing continues to navigate financial challenges
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- Boeing to lay off nearly 700 employees in Missouri [Yahoo! Finance]Yahoo! Finance
BA
Earnings
- 10/23/24 - Miss
BA
Sec Filings
- 11/19/24 - Form EFFECT
- 11/18/24 - Form 8-K
- 11/18/24 - Form 424B3
- BA's page on the SEC website